On August 13, Datadog rose 3.12% in regular trading, trading at 247.595 USD/share, with turnover of approximately $55.93 million. The rebound extends the post-earnings oversold recovery trajectory.
The company reported Q2 revenue of approximately $1.12 billion, up 36% year-over-year, with non-GAAP EPS of $0.65, up 41% year-over-year, both significantly beating consensus estimates. Management also raised Q3 and full-year guidance above market expectations. Despite the strong results, the stock plunged over 16% on earnings day due to elevated buy-side expectations, triggering a technical recovery phase in subsequent sessions.
Multiple investment banks including UBS, Citigroup, and Rothschild & Co Redburn have maintained buy ratings, with an average price target of approximately $283.84, well above current levels, providing continued valuation support for the recovery. Separately, CTO Alexis Le-Quoc executed pre-planned sales of approximately 110,000 shares under a 10b5-1 plan adopted in June of the prior year, though this has not materially disrupted the ongoing rebound.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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